New Issue: Bank of Montreal prices $256,000 upside booster notes linked to oil & gas ETF

By Angela McDaniels

Tacoma, Wash., Sept. 2 – Bank of Montreal priced $256,000 of 0% upside booster notes with barrier due Aug. 31, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than 28%, the payout at maturity will be par plus the ETF return.

If the ETF return is between negative 10% and positive 28%, inclusive, the payout will be par plus 28%.

If the ETF return is less than negative 10%, investors will have one-to-one exposure to the ETF's decline from its initial level.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Upside booster notes with barrier
Underlying ETF:	SPDR S&P Oil & Gas Exploration and Production ETF
Amount:	$256,000
Maturity:	Aug. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is greater than 28%, par plus ETF return; if ETF return is between negative 10% and positive 28%, inclusive, par plus 28%; if ETF return is less than negative 10%, one-to-one exposure to ETF's decline from initial level
Initial share price:	$33.82
Barrier level:	$30.44, 90% of initial share price
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	BMO Capital Markets Corp.
Fees:	1.2%
Cusip:	06366RW92

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